define deposit
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deposit The definition of a deposit is something left for a specific purpose such as for safekeeping, a payment or something left by an act of nature. An example of deposit is the money added to a savings account. An example of deposit is the gold left in the bottom gravel of the stream.
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- depositories. 1  1 : depositary 1 a depository of ancient tradition. 2  2 : a place where something is placed or deposited especially for safekeeping a book depository a depository for government funds.
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deposit Definition of deposit for Students. 1  1 : the state of being deposited money on deposit. 2  2 : money that is deposited. 3  3 : something given as a pledge or as part payment He put a deposit of ten dollars on a new bicycle. 4  4 : something laid or thrown down A deposit of mud was left by the flood. 5  5 : mineral matter built up in nature a coal deposit.
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- DEFINITION of 'Direct Deposit'. Electronic funds that are deposited directly into your bank account rather than through a paper check. Common uses of a direct deposit include income tax refunds and pay checks. Next Up. As a whole, direct deposit is the most popular form of payment as it eliminates the risk of losing a check and eliminates the need to physically visit a bank to make a deposit.
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What are 'Bank Deposits' The deposit itself is a liability owed by the bank to the depositor, and the word refers to this liability rather than to the actual funds that have been deposited. When someone opens a bank account and makes a cash deposit, he surrenders legal title to the cash, and it becomes an asset of the bank.
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Bank Deposits Depositor A person who is making a deposit with the bank is known as a depositor. The depositor is the lender of the money which will be returned to him/her at the end of the deposit period. Keywords.
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Deposit The second meaning of deposit is applied to funds transferred to another party, typically a financial institution, for safekeeping. An account holder who submits money to a credit union or bank for addition to the owner's account balance is said to make a deposit.
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Understanding Deposit Insurance The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects the funds depositors place in banks and savings associations.
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Re: Security Deposit Forfeited - Landlord Forum thread 163624 NONE say they are non-refundable. Definition: A security deposit is money that the tenant pays to the landlord. It provides monetary security to the landlord, in case of damage to the apartment or failure by the tenant to comply with the agreement (such as moving out before the lease ends).
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DEFINITION of 'Direct Deposit' Direct deposit is the deposit of electronic funds directly into a bank account rather than through a physical, paper check. Direct deposit is the deposit of electronic funds directly into a bank account rather than through a physical, paper check.
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- Definition of depository. plural. depositories. 1 : depositary 1 a depository of ancient tradition. 2 : a place where something is placed or deposited especially for safekeeping a book depository a depository for government funds.
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What are 'Bank Deposits' What are 'Bank Deposits'. Bank deposits consist of money placed into banking institutions for safekeeping. These deposits are made to deposit accounts such as savings accounts, checking accounts and money market accounts.
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Is Solar Right For You? To give you an idea of what a plain solar installation with line inverters and no additional expenses looks like, a 6kW solar system could cost approximately $25,000. If your utility company offers rebates ($2.00 per watt, for example), that amount would be deducted: $25,000 – $12,000 = $13,000.or example, if you owe the IRS $5,000 in taxes and your solar system costs $14,000 (after rebates and incentives), your tax credit of $4,200 would reduce your tax liability to $800. Please contact your accountant for advice in your situation. Form 5695 for Year 2012.
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South Carolina Code of Laws Unannotated (18) security deposit means a monetary deposit from the tenant to the landlord which is held in trust by the landlord to secure the full and faithful performance of the terms and conditions of the lease agreement as provided in Section 27-40-410.
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depository institution Definition. Bank, building society, credit union, or other financial institution that solicits and accepts savings of the general public as demand deposits or time deposits, and pays a fixed or variable rate of interest. Also called savings association, savings institution and thrift institution.
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Security Deposits in Wisconsin Security deposit: The money a tenant pays to a landlord when entering into a rental agreement to guarantee the tenant's obligations. It is any amount above one month's prepaid rent (including all pet deposits, key deposits and furniture deposits). There is no such thing as an automatically non-refundable deposit.
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What Is a Time Deposit Account? - Definition & Example There are several types of bank products that pay interest, some more than others, such as a time deposit. A time deposit is a depository account offered by a financial institution that pays interest if the money remains in the account for a specified period of time. Let's discuss an account you're probably more familiar with, a demand deposit account, which will make it easier to understand the characteristics of a time deposit.
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- Many checking and savings accounts today are demand deposits and are accessible by the account holder through a variety of banking options, including teller, ATM and online banking. In contrast, a term deposit is a type of account which cannot be accessed for a predetermined period (typically the loan's term).Next Up.EFINITION of 'Demand Deposit'. Funds held in an account from which deposited funds can be withdrawn at any time without any advance notice to the depository institution. Demand deposits can be demanded by an account holder at any time.
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Frequently Asked Questions Retirement What is direct deposit? Electronic payments, which allow for the exchange of funds through paperless methods, are safer, easier and more reliable than paper checks. Direct deposit is the electronic transfer of a payment from a company or organization into an individual's checking or savings account.
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deposit 3 money paid to a person as an earnest or security for the performance of a contract or other obligation. Thus, in contracts for the sale of land, a deposit is regarded not only as part-payment of the purchase price but as a security for the purchaser's due completion of the purchase. In Scotland the position is that the contract is construed to determine the parties’ intentions in making the payment.
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- A security deposit is any advance rental payment other than an advance for the first month's rent or a deposit for a key or any special equipment. A security deposit remains the tenant's property but the landlord holds a security interest in it. Security deposits must be kept in an escrow account in a Connecticut bank.
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Security Deposits A security deposit is any money a landlord takes from a tenant other than the advance payment of rent. The security deposit serves to protect the landlord if the tenant breaks or violates the terms of the lease or rental agreement. It may be used to cover damage to the property, cleaning, key replacement, or back rent.f a landlord does not return the entire amount of the tenant’s security deposit within the 21 days required by law, and the tenant disputes the deductions from the deposit: 1  The tenant can write a letter to the landlord explaining why he or she believes he or she is entitled to a larger refund.
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What is an ACH Deposit? These 10 facts about space will blow your mind. An Automated Clearing House (ACH) deposit is an electronic transfer of funds using the Automated Clearing House. The Automated Clearing House is a secure network in the United States through which banks and other financial institutions can transmit electronic transactions.n ACH deposit means that funds are electronically deposited into an account. This means there is no need for a person to write a check and no one has to visit a bank to complete the transaction. To understand how an ACH deposit works, it may help to consider an example.
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Security Deposit Security Deposit Security Deposit Meaning: In deposit terminology, the term Security Deposit refers to an amount of money paid in advance and held in reserve in the event of the depositor failing on a contractual obligation.
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direct deposit direct deposit. a plan in which salaries or other payments are transferred by the paying agency directly to the accounts of the recipients.
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Time deposit A deposit of funds in a savings institution is made under an agreement stipulating that (a) the funds must be kept on deposit for a stated period of time, or (b) the institution may require a minimum period of notification before a withdrawal is made.enerally speaking, the longer the term the better the yield on the money. In its strict sense, certificate deposit is different from that of time deposit in terms of its negotiability: CDs are negotiable and can be rediscounted when the holder needs some liquidity, while time deposits must be kept until maturity.